With Huawei in dire straits, rival Chinese smartphone makers have been eyeing to grab the void in the market share. These companies, including Xiaomi, are also building up momentum in their orders for the coming quarter.
According to a DigiTimes report, sources from Taiwan’s PCB supply chain have revealed that Chinese smartphone manufacturers are more aggressively stocking up and placing orders than compared to the first half of 2020. Furthermore, the sources believe that this trend will last till the first quarter of 2021. At the moment, Xiaomi has been particularly pulling in the highest volume of PCB shipments among other brands like Vivo and Oppo.
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These three brands are the major rivals of Huawei in their home country, China. Previously, we had reported on Xiaomi reporting a major growth of nearly 35 percent in revenue in the third quarter of this year, with a bump in smartphone shipments as well. This also includes in overseas market and is expecting the positive growth to continue for a bit as it is building up its inventory.
Additionally, it is estimated that Xiaomi handset orders will exceed 100 million units during the second half of 2020 to first quarter of 2021. Similarly, Oppo and Vivo will also reach around 90 million and 70 million handset shipments respectively during the same period. On the other hand, Huawei is expected to have its market share drop to a third of its current standing in 2021. Although, these are still projections based on current situation and it is still too early to make any solid statements at the moment. So stay tuned for more updates regarding the matter.
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